Inflation in Zambia
Zambia - InflationConditions seemingly improved further at the tail end of the third quarter and at the outset of Q4. The private sector PMI was higher overall in Q3 compared to the prior quarter, with September’s reading showing business conditions improved for the first time in five months. Additionally, October’s PMI hit an over three-year high and saw employment levels increasing for the fifth consecutive month, which, coupled with declining inflation, likely supported household spending. Moreover, the print showed that sentiment among firms continued to improve, which bodes well for investment. Meanwhile, in a bid to secure a lending program with the IMF by end-November, authorities recently presented the 2022 budget, which sees a sharp reduction of the deficit to 6.7% of GDP—from a projected 10.4% for this year—and plans to reintroduce mining tax breaks.
Zambia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||10.1||17.9||6.6||7.5||9.2|
5 years of economic forecasts for more than 30 economic indicators.
Zambia Inflation Chart
Source: Central Statistical Office
|Bond Yield||33.00||0.0 %||Dec 31|
|Exchange Rate||14.09||0.0 %||Jan 01|
|Stock Market||0.3||0.0 %||Jan 06|
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